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It is expected that the number of global light vehicles equipped with L2+ADAS will reach 2 million units in 2023 and double to 4.5 million units in 2024.
It is expected that the number of global light vehicles equipped with L2+ADAS will reach 2 million units in 2023 and double to 4.5 million units in 2024.
According to the latest Canalys report, as of the third quarter of 2023, global sales of light vehicles equipped with L2 assisted driving functions (ADAS) reached 630,000 units, accounting for 3.1%.
According to Canalys predictions, by 2023, global sales of light vehicles equipped with L2 ADAS (level 2 and above automatic driving assistance systems) are expected to reach 2 million units. By 2024, this number will double to 4.5 million vehicles, and the penetration rate will also increase to 5.5%. Among them, the Chinese market will continue to maintain its leading position in the world.
The latest data shows that Germany, the United States and China have begun to deploy in the field of L3 assisted driving. According to statistics, sales of vehicles equipped with L2 ADAS in these three markets account for 85% of the global market, reaching 14,000, 170,000 and 350,000 vehicles respectively. It is worth mentioning that the L2 penetration rate in the Chinese market has ranked first in the world for three consecutive quarters, reaching a level of 5.7% in the third quarter. These data show the rapid development and widespread application of L3 assisted driving technology around the world.
#An analyst pointed out that the core reason for the increasing sales of China’s Advanced Assisted Driving System (ADAS) models is the L2-level assisted driving application scenario. continues to expand, especially in urban scenarios, which account for more than 75% of consumers’ driving time.
We noticed that Mercedes-Benz’s latest E-Class introduced the L2 ADAS function developed by a local R&D team into the Chinese market for the first time. At the same time, Honda also chose China as the first market for its new L2 function-Sensing 360.
According to analysis by Canalys, in the next 1-2 years, the Chinese market will undergo a reshaping stage of advanced assisted driving competition. With the release of the latest L3 road test policy, the Chinese market is expected to surpass Germany and the United States in the near future.
According to data from the first three quarters of 2023, among local high-end brands other than Tesla, Mercedes-Benz and BMW dominate the German L2 market, with a share of 33.3 %. In the U.S. L2 market, Ford, Chevrolet and Cadillac hold 25.5%. These data show the competitiveness of these local high-end brands in their respective markets.
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